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Targa Resources Corp. (TRGP) Q1 2026 Earnings Call Transc...
SA Transcripts · 2026-05-08 · via All Articles on Seeking Alpha

Q1: 2026-05-07 Earnings Summary

EPS of $2.76 beats by $0.19

 | 

Revenue of

$4.09B

(-10.23% Y/Y)

misses by $581.61M

Targa Resources Corp. (TRGP) Q1 2026 Earnings Call May 7, 2026 11:00 AM EDT

Company Participants

Tristan Richardson - VP of Investor Relations & Fundamentals
Matt Meloy - CEO & Director
Jennifer Kneale - President
William Byers - Chief Financial Officer
Benjamin Branstetter - President of Logistics & Transportation
Patrick McDonie - President of Gathering & Processing

Conference Call Participants

Jeremy Tonet - JPMorgan Chase & Co, Research Division
Michael Blum - Wells Fargo Securities, LLC, Research Division
Keith Stanley - Wolfe Research, LLC
Elvira Scotto - RBC Capital Markets, Research Division
Jacqueline Koletas - Goldman Sachs Group, Inc., Research Division
Manav Gupta - UBS Investment Bank, Research Division
Brandon Bingham - Scotiabank Global Banking and Markets, Research Division

Presentation

Operator

Thank you for standing by, and welcome to Targa Resources Corporation's First Quarter 2026 Earnings Webcast and Presentation. [Operator Instructions] As a reminder, today's program is being recorded.

And now I'd like to introduce your host for today's program, Tristan Richardson, Vice President, Investor Relations and Fundamentals. Please go ahead, sir.

Tristan Richardson
VP of Investor Relations & Fundamentals

Thanks, Jonathan. Good morning, and welcome to the First Quarter 2026 Earnings Call for Targa Resources Corp. The first quarter earnings release, a supplement presentation and our latest investor presentation are available in the Investors section of our website at targaresources.com.

Statements made during this call that might include Targa's expectations or predictions should be considered forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in forward-looking statements. For a discussion of factors that could cause actual results to differ, please refer to our latest SEC filings.

Our speakers for the call today will be Matt Meloy, Chief Executive Officer; Jen Kneale, President; and Will Byers, Chief Financial Officer. Additionally, members of Targa's senior management will be available for Q&A, including Pat McDonie, President, Gathering